DAX KURSINDEX - Daily - Technical analysis published on 06/29/2023 (GMT)
- 137
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
17%
44%
39%
My opinion
Neutral between 6,205.67 EUR and 6,472.44 EUR
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 6,205.67 EUR. The first resistance is located at 6,472.44 EUR. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by DAX KURSINDEX.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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Additional analysis
Quotes
DAX KURSINDEX rating 6,312.34 EUR. The price registered a decrease of -0.03% on the session with the lowest point at 6,301.78 EUR and the highest point at 6,332.93 EUR. The deviation from the price is +0.17% for the low point and -0.33% for the high point.6,301.78
6,332.93
6,312.34
Here is a more detailed summary of the historical variations registered by DAX KURSINDEX:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DAX KURSINDEX indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,686.12 | 6,004.68 | 6,205.67 | 6,312.34 | 6,330.89 | 6,472.44 | 6,873.08 |
| Change (%) | -9.92% | -4.87% | -1.69% | - | +0.29% | +2.54% | +8.88% |
| Change | -626.22 | -307.66 | -106.67 | - | +18.55 | +160.10 | +560.74 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,267.29 | 6,284.53 | 6,298.44 | 6,315.68 | 6,329.59 | 6,346.83 | 6,360.74 |
| Camarilla | 6,303.77 | 6,306.63 | 6,309.49 | 6,312.34 | 6,315.20 | 6,318.05 | 6,320.91 |
| Woodie | 6,265.62 | 6,283.70 | 6,296.77 | 6,314.85 | 6,327.92 | 6,346.00 | 6,359.07 |
| Fibonacci | 6,284.53 | 6,296.43 | 6,303.78 | 6,315.68 | 6,327.58 | 6,334.93 | 6,346.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,948.62 | 6,088.62 | 6,177.78 | 6,317.78 | 6,406.94 | 6,546.94 | 6,636.10 |
| Camarilla | 6,203.93 | 6,224.94 | 6,245.94 | 6,266.95 | 6,287.96 | 6,308.96 | 6,329.97 |
| Woodie | 5,923.21 | 6,075.91 | 6,152.37 | 6,305.07 | 6,381.53 | 6,534.23 | 6,610.69 |
| Fibonacci | 6,088.62 | 6,176.16 | 6,230.24 | 6,317.78 | 6,405.32 | 6,459.40 | 6,546.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,830.17 | 6,011.97 | 6,109.83 | 6,291.63 | 6,389.49 | 6,571.29 | 6,669.15 |
| Camarilla | 6,130.79 | 6,156.43 | 6,182.07 | 6,207.70 | 6,233.34 | 6,258.97 | 6,284.61 |
| Woodie | 5,788.21 | 5,990.99 | 6,067.87 | 6,270.65 | 6,347.53 | 6,550.31 | 6,627.19 |
| Fibonacci | 6,011.97 | 6,118.80 | 6,184.80 | 6,291.63 | 6,398.46 | 6,464.46 | 6,571.29 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.28 | |
| MACD (12,26,9): | -13.9300 | |
| Directional Movement: | -4.83 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 6,326.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,446.16 | |
| Elder Ray (13): | -13.45 | |
| Super Trend (3,10): | 6,450.58 | |
| Zig ZAG (10): | 6,312.34 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 27.52 | |
| TEMA (21): | 6,310.04 | |
| Williams %R (14): | -68.16 | |
| Chande Momentum Oscillator (20): | -118.83 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.18 |
| MA7: | 6,300.54 | |
| MA20: | 6,355.40 | |
| MA50: | 6,361.45 | |
| MA100: | 6,320.36 | |
| MAexp7: | 6,313.88 | |
| MAexp20: | 6,339.37 | |
| MAexp50: | 6,337.76 | |
| MAexp100: | 6,263.33 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -0.13% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | +0.78% |
Quotes :
-
15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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